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          1. Security Products Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/24/2020
            SIC Codes: 3669
            NAICS Codes: 334290
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Security Products Manufacturing Industry Profile

            Companies in this industry manufacture electronic security and safety communications equipment such as fire and security alarms, intercoms, and vehicle and pedestrian signaling systems. Major companies include Resideo and divisions of GE and United Technologies (all based in the US), as well as ASSA ABLOY (Sweden), Nippon Signal (Japan), SWARCO (Austria), and divisions of Johnson Controls (Ireland) and Siemens (Germany).

            The global security products manufacturing industry generates about $70 billion in annual revenue, according to MarketsandMarkets Research. Worldwide sales of security equipment are forecast to rise 10% per year and reach $112 billion by 2021. Although the US and Western Europe are the largest markets, China and India are expected to see the fastest growth.

            The US security products manufacturing industry includes about 360 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $4 billion. Manufacturers of automatic fire sprinkler systems are not included in the industry.

            COMPETITIVE LANDSCAPE

            Demand is driven by residential, office, and commercial construction, as well as construction spending for highway, street, and railroad infrastructure. Profitability depends on efficient manufacturing and effective marketing. Large companies compete through advantages in economies of scale and by offering a wide spectrum of products. Small companies can compete by specializing in niche products and through superior customer service. The US industry is highly concentrated: the 50 largest companies account for about 85% of industry revenue.

             
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